Inspired Entertainment (NASDAQ:INSE) Coverage Initiated by Analysts at B. Riley

B. Riley initiated coverage on shares of Inspired Entertainment (NASDAQ:INSE - Free Report) in a research note published on Tuesday morning. The brokerage issued a buy rating and a $13.00 price target on the stock. B. Riley also issued estimates for Inspired Entertainment's Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.24 EPS, FY2025 earnings at $0.45 EPS and FY2026 earnings at $0.67 EPS.

Several other research analysts have also recently issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and set a $14.00 target price on shares of Inspired Entertainment in a research report on Friday, March 14th. Truist Financial set a $19.00 price objective on shares of Inspired Entertainment in a report on Friday, March 14th. Finally, New Street Research set a $21.00 target price on shares of Inspired Entertainment in a report on Friday, March 14th.

Inspired Entertainment Stock Up 1.1 %

NASDAQ:INSE traded up $0.08 on Tuesday, hitting $7.28. The stock had a trading volume of 109,066 shares, compared to its average volume of 119,516. The company has a market cap of $195.87 million, a PE ratio of -727.27 and a beta of 1.27. Inspired Entertainment has a 52 week low of $6.51 and a 52 week high of $11.61. The business's fifty day moving average is $9.28 and its 200 day moving average is $9.37.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13). Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. The business had revenue of $83.00 million for the quarter, compared to the consensus estimate of $79.19 million. Equities analysts predict that Inspired Entertainment will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Inspired Entertainment by 314.1% in the 3rd quarter. Barclays PLC now owns 31,321 shares of the company's stock worth $291,000 after purchasing an additional 23,757 shares during the period. Geode Capital Management LLC boosted its stake in Inspired Entertainment by 0.8% during the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company's stock valued at $4,835,000 after buying an additional 4,233 shares during the period. SG Americas Securities LLC bought a new stake in shares of Inspired Entertainment during the 4th quarter valued at about $97,000. State Street Corp lifted its position in Inspired Entertainment by 0.7% during the third quarter. State Street Corp now owns 405,625 shares of the company's stock valued at $3,760,000 after purchasing an additional 2,675 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Inspired Entertainment by 232.2% in the third quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company's stock worth $262,000 after acquiring an additional 19,794 shares in the last quarter. Institutional investors own 77.38% of the company's stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.